SNB loss in '23 / Commods & metals 🔼 in '24 / APPL / German IP / U.S CPI up next tom

Switzerland will for the second time in a row not see any payout from its central bank, as the soaring franc counteracts gains on capital, SNB expects an annual loss of around CHF3 billion ($3.5 billion) for last year (that's better than the 132bn loss in 2022)
Germany: Farmers protest causing nationwide disruptions
Samsung expects 35% profit drop in Q4, due to weak demand, and NVDA makes new highs yesterday $520! >> NVDA market cap was up $65bn yesterday, that's more than they sales over the last 12months and about 250x more than they made last quarter
BlackRock set a 0.3% fee for its proposed BTC ETF, much lower than expected, big firms undercutting each other on fees
SPX500 2024 targets, UBS revises it higher from 4'700 to 5'000, RBC from 5K to 5'100
ECB is unlikely to lower borrowing costs before the summer, according to Governing Council member Boris Vujcic
FED's Bowman - rate cuts eventually warranted as inflation falls, shocking revelation!..also adds to cover her bets that she remains willing to hike if inflation progress stalls >>> GOLDMAN: “.. We expect that core #PCE inflation declined further in December 2023 and will continue to decline to an even greater extent throughout 2024. We forecast core PCE inflation of 2.9% in December 2023 and 2.2% in December 2024.”, and finally Bostic said inflation has come down more than expected, with prices on a path to reaching the FOMC’s 2% target, but he doesn’t expect a rate cut until the third quarter
Apple’s Vision Pro AR headset is hitting the market for US customers next month, taking on headset-market leader Meta
German Industrial Production down 0.7% in Nov, in downtrend since 2017, production is about 10-15% lower than at peak 6+years ago
Five Spanish regions have announced the reintroduction of rules making the use of face masks compulsory in health facilities following a spike in flu and COVID-19 cases over the festive season, good pre-emptive move - hopefully!
GS's Currie : 'Demand for raw materials is at record levels, inventories are low, and spare production capacity is largely "exhausted. This is just classic 'own commodities.'"'
Emmanuel Macron is expected to name his 34-year old education minister as France's prime minister after pushing out Elisabeth Borne

Markets:

NIKKEI makes a 34y high, 1989!, meanwhile in China, local stock markets on 5y lows, still looking for a green day in 2024
Saxo : 2024 (could become the) Year of the metals..
EURUSD 1.10/1.11 remains big resistance, U.S CPI will be key tomorrow, beware UST auctions, even if it's a known known for most apparently.
Equity markets : will remian volatile, up and down, reacting to anything possible, it's the usual Jan price action ! overall valuation are stretched overall, always looking for markets to create attractive opportunities for our clients!
UST's, 10s 4% awaiting U.S CPI tomorrow and many more Fed speakers who don't really matter big picture, but will get the likesofCNBC all exited on the day